Last Friday, October 31, in Kaloum, took place the second meeting of the steering committee of the Guinea Business Forum (GBF) on theme “a results-oriented public-private dialogue”.

The second meeting of the Guinea steering committee Business Forum (GBF) is organized by the Ministry of Industry, Small Businesses and Medium-Sized Enterprises (MIPME), under the direction of Dr. Diaka Sidibé, this Meeting provided an opportunity to take stock of the progress of reforms priorities aimed at improving the business climate and strengthening the competitiveness of the Guinean economy. The aim is to create an environment favorable to investments and consolidate the foundations of inclusive growth and durable. The President of the Guinean Confederation of Enterprises (CGE-GUI), Ansoumane Kaba, said he was generally satisfied with the report presented by the technical reform committee. The latter warned against certain difficulties, in particular the financing and effective involvement of technical ministries: “The CGE-GUI is committed to hosting the GBF secretariat, but that will not be enough. Additional support will be needed to guarantee the continuity and effectiveness of this framework. We also suggest that the choice partner firms are carried out according to an open procedure, in order to retain the best. Finally, the governance pillar proposed by the CGE-GUI, in replacing the MCC, is relevant, as it reinforces the role of the State in success of public policies.”

Dr Karamo Kaba, Director General of the Central Bank of the Republic of Guinea (BCRG), recalled for For its part the importance of SME financing in the economic dynamic of country: “Despite the fall in interest rates, from 12.5% in 2020 to 9.75% recently, the effect on the economy, especially on SMEs, has remained limited. La Central Bank is working to improve the financing mechanisms of the sector private, while guaranteeing the solidity and transparency of the banking system.